Bodal Chemicals Ltd
About
Bodal Chemicals is a wholly integrated specialty chemicals manufacturer and distributor. It is one of the largest producers and exporters of sulphuric acid, intermediate dyes, and dyestuff in the world. The company operates through 11 manufacturing facilities spread across Gujarat and Punjab, producing a diverse portfolio ranging from paper, plastic, and water purification to leather and textiles. Bodal’s three laboratories, located in Vadodara and Ahmedabad, test raw materials for its intermediate dyes and dyestuff. Its primary divisions - dye intermediates, dyestuff, sulphur and bulk chemicals, water purification, and chlor alkali - supply their products to more than 50 countries all around the world. 28% of Bodal’s revenue in FY 23-24 was generated by its export business.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 1412 -7.3% | 1523 -29.4% | 2157 69.1% | 1276 -7.6% | 1381 -8.7% | 1513 30.4% | 1161 -7.9% | 1260 35.2% | 932 -9.5% | 1030 3.9% | 991 92.5% | 515 -16.9% | 619 3.2% | 600 18.0% | 508 22.8% | 414 - |
| Net Operating Income (INR Cr) | 1395 -11.41% | 1574 -23.40% | 2055 67.58% | 1226 -10.79% | 1375 -3.42% | 1424 24.63% | 1142 -7.46% | 1234 35.66% | 910 -12.95% | 1045 8.94% | 960 81.91% | 527 -14.05% | 614 7.16% | 573 0.00% | 479 17.81% | 407 -1.44% |
| Profit (INR Cr) | 6 -83.0% | 38 -63.5% | 104 148.3% | 42 -51.8% | 87 -39.1% | 143 16.8% | 123 -7.8% | 133 54.6% | 86 -6.3% | 92 204.3% | 30 - | -23 - | -30 - | 17 23.4% | 13 - | -11 - |
| Assets (INR Cr) | 1986 8.1% | 1838 6.3% | 1728 19.7% | 1444 20.8% | 1195 19.3% | 1002 14.0% | 879 70.6% | 515 36.5% | 378 -3.3% | 390 -15.4% | 462 15.9% | 398 -1.2% | 403 19.2% | 339 5.2% | 322 35.9% | 237 - |
| Net Worth (INR Cr) | 1082 0.4% | 1078 2.4% | 1052 7.2% | 981 5.4% | 931 12.3% | 829 19.0% | 697 92.2% | 363 54.6% | 235 49.9% | 156 141.4% | 65 87.1% | 35 -40.2% | 58 -26.4% | 79 0.0% | 58 14.1% | 51 17.2% |
| Employee Cost (INR Cr) | 103 8.4% | 95 -14.2% | 110 42.1% | 78 -10.8% | 87 36.8% | 64 34.9% | 47 12.7% | 42 13.9% | 37 -37.6% | 59 55.1% | 38 18.9% | 32 -3.1% | 33 9.6% | 30 42.7% | 21 61.1% | 13 - |
| Interest Cost (INR Cr) | 54 | 41 | 29 | 17 | 19 | 9 | 5 | 9 | 12 | 27 | 47 | 40 | 35 | 23 | 20 | 13 |
| Cash & Bank Balance (INR Cr) | 33 | 19 | 15 | 16 | 20 | 10 | 6 | 17 | 4 | 3 | 3 | 4 | 5 | 5 | 4 | 3 |
| Total Debt (INR Cr) | 904 | 760 | 676 | 454 | 257 | 171 | 181 | 151 | 143 | 209 | 372 | 348 | 345 | 259 | 264 | 186 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 0.5% | 2.5% | 4.8% | 3.3% | 6.3% | 9.5% | 10.6% | 10.6% | 9.2% | 8.9% | 3.0% | - | - | 2.8% | 2.7% | - |
| Profit As % Of Assets | 0.3% | 2.1% | 6.0% | 2.9% | 7.3% | 14.3% | 13.9% | 25.8% | 22.8% | 23.5% | 6.5% | - | - | 4.9% | 4.2% | - |
| Profit As % Of Networth | 0.6% | 3.5% | 9.9% | 4.3% | 9.4% | 17.3% | 17.6% | 36.7% | 36.7% | 58.7% | 46.5% | - | - | 21.1% | 23.3% | - |
| Interest Cost to EBITDA % | 57.3% | 30.8% | 14.7% | 19.2% | 13.8% | 3.9% | 2.7% | 3.9% | 7.8% | 14.8% | 40.8% | 202.8% | 1022.1% | 37.6% | 60.0% | - |
| Debt to Equity Ratio | 0.84 | 0.71 | 0.64 | 0.46 | 0.28 | 0.21 | 0.26 | 0.42 | 0.61 | 1.33 | 5.73 | 10.04 | 5.95 | 3.29 | 4.56 | 3.67 |
| RONW | 1.1% | 3.6% | 10.9% | 4.2% | 9.8% | 18.6% | 23.5% | 44.5% | 44.0% | 81.2% | 151.7% | - | - | 21.2% | 24.8% | - |
| ROCE | 3.5% | 5.2% | 12.0% | 5.5% | 10.9% | 24.3% | 27.6% | 47.7% | 37.2% | 38.9% | 38.8% | 0.0% | 0.0% | 14.1% | 14.6% | -1.9% |